Features | - Part 240

Impressions from the World Economic Forum on Africa —- RMB Morgan Stanley

The 26th World Economic Forum on Africa was held in Kigali, Rwanda last week: We attended the gathering and provide feedback on the conference and the investable themes coming out of it. Connecting Africa’s Resources through Digital Transformation: The theme of this year’s forum builds on that of the World Economic Forum held in Davos this January, by honing in on how Africa sees itself participating in the so-called Fourth Industrial Revolution. Rwanda, a continental…

Tech Innovation Will Catalyse Productivity and Growth in Africa Says PWC Report

Posted on by The Editorial Team

JOHANNESBURG, South Africa, Capital Markets in Africa: Agriculture is currently standing on the edge of a second green revolution. This revolution will entail fundamental shifts in how the agricultural sector utilises and implements innovative technology to improve output in a sustainable manner and address the need for greater food security globally. These are some of the highlights of PwC’s latest Africa Agribusinesses Insights Survey 2016. “Currently, there is a second green revolution underway. There is…

Strengthening the Regional Asset Management Industry — Abdul Rahman Al Baker

Posted on by The Editorial Team

Distinguished Guests, Ladies and Gentlemen –Good Morning. It is a great pleasure to be here today to address the Annual Middle East Asset Management Forum. I would like to commend the organizers for putting together a stimulating program, which will no doubt enrich the ongoing dialogue and debate on asset management industry in the Mena region. I hope that presentations and discussions during this forum would highlight and deliberate on important areas of assets management…

Nigerian “Budget of Change”…How much can it achieve? — Afrinvest

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LAGOS, Nigeria, Capital Markets in Africa: One year into the transition from President Jonathan to the Buhari led administration; the burden on Government remained the need to rejuvenate the Nigerian economy which has suffered from the declining global oil prices, poor governance structure, sub-optimal fiscal crisis, and monetary policy actions. Recent domestic macroeconomic numbers have suffered from both global and domestic shocks which currently threaten the economic fundamentals of the country. The recent data published…

Intra-African trade can catalyze investment and foster growth

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CAPE TOWN, South Africa, Capital Markets in Africa: As growth in developed markets such as Europe, China and North Africa continue to stagnate, greater regional integration in Africa, amongst all role players, is needed to capitalize on the continent’s growth potential. This is according to Hennie Heymans, CEO of DHL Express Sub-Saharan Africa, who says that when comparing intra-regional trade statistics, Africa’s rates are amongst the lowest in the world, with less than 20% of…

An African Telecom Success Frays Amid Record Fine in Nigeria

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Johannesburg, South Africa, Capital Markets in Africa: Phuthuma Nhleko spent more than a decade building MTN Group Ltd. into Africa’s biggest wireless operator by rushing into markets few rivals would touch, from Syria to Afghanistan to South Sudan. Now his appetite for risk has come back to haunt him, and shareholders are calling for a different approach. The drawbacks of the aggressive style became apparent in October, when Nigeria slapped the company with a $5.2 billion fine —…

Tiger Sees South Africa Consumers Stressed as Costs Climb

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Johannesburg, South Africa, Capital Markets in Africa: Tiger Brands Ltd. said the risk of higher inflation will place pressure on South African consumers as the nation’s biggest food producer is raising prices to try to offset costs following record corn prices. Headline earnings per share from continuing operations, which exclude one-time items, were 9.78 rand ($0.62) in the six months ended March 31 from 9.75 rand a year earlier, the Johannesburg-based company said in a statement Tuesday. Tiger…

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